Pakistan’s exports will reach all time high in 2019, says Razak Dawood

KARACHI: Adviser to PM
on Commerce, Textile, Industry and Investment, Abdul Razak Dawood has claimed
that the Pakistan’s exports will hit the record high in the 2019.

Dawood said this while
addressing to a conference in Karachi on Saturday. He said that despite
difficulties, the country’s economy is headed towards improvement.

Adviser to premier
added the current account deficit is a challenge and the government is taking
emergency measures to fix it and adding that the business community and the
government can work together to overcome challenges.

He further said that we
are working on a strategy to increase exports, adding government will take
exports up to $27 billion for the current year.

Dawood claimed that December
2018 recorded better performance than December 2017.

“We have acquired a $1
billion market from China for export of tea and rice,” Razak Dawood shared.

Stating that food and
agriculture group Cargill Inc has expressed interest in investing some $200
million in Pakistan, the adviser to the premier on commerce, investment and
industry said, “Cargill will invest in seed oil business.”

“I confess I could not
focus on edible oil as I was concentrating on other sectors. If farmers are
helped in producing edible oil, then foreign exchange will be saved,” he added.